The global duplex paper and board market is expected to rise at a CAGR of ~6.1%, during the forecast period. The duplex paper and board market is expected to witness a soaring growth in 2021 with revenues up 5.2% each year. A new forecast by FMI estimates that the duplex paper and board profit margin for manufacturers will nearly double between 2021 and 2031. The majority of demand for duplex paper and board is because of high usage of its packaging in pharmaceutical and food & beverage industries.
Duplex Paper and Board Market: An Overview
Duplex paper and board are utilized in manufacturing of folded carton boxes, cardboard layers that have variety of end use applications. Duplex paper and board will witness a tremendous increase in demand during the future years due to its increased usage for packaging application in pharmaceutical, personal care, food & beverage and others.
Duplex paper and board sales are highly dependent on the extensive usage for product packaging in different industries, by which there is always a default competition between key players to provide cutting edge packaging solutions for end users.
Request a Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13778
Moreover, the excellent surface quality of duplex board in addition to the optical property will provide it to be better option with good printability and attractive look.
Key players are focusing on innovation and development to increase application of duplex paper. In addition to all this, duplex board is manufactured from recycled fibres which also reduces carbon footprint generation from this market. These factors will contribute to the rise of duplex paper and board demand in future years.
What Accelerates the Market Growth of Duplex Paper and Board?
The global packaging industry is primarily focused on providing ecological options for packaging purposes. The increase in demand for biodegradable packaging across globe has gradually increased the demand for duplex paper and board market in manufacturing sectors which include FMCG, retail, pharmaceutical, and many more.
The extensive ban of plastic by governments across the world due to new regulations and legislations has influenced the demand for duplex paper and board. The pulp and paper manufacturers are keenly focused on increasing the production capacity along with implementing new innovations across the way. These factors will simultaneously drive the duplex paper and board market.
What are Market Opportunities for Duplex Paper and Board Market?
Opportunities are tumbling down on duplex paper and board market, ability of producing biodegradable packaging options have taken the entire industry to follow the unprecedented transition. Extraction of fibres from magazines, newspaper, books and converting them to manufacture biodegradable duplex paper and board has sky rocketed the sales for the product.
This feature will be a tremendous opportunity to minimize the usage of capital in raw material procurement and help increase the financial profitability of duplex paper and board market.
What are the Key Market Trends Impacting the Duplex Paper and Board Market?
The demand of eco-friendly and biodegradable solutions has made its way to e-commerce industry. The increase in sales for e-commerce is expected to directly impact the demand for duplex paper and board during the future years. This change is effected due to extensive use of large volume of cardboard boxes for home deliveries. The positive outlook of retail industry towards duplex paper consumption will drive the market.
Request For TOC@ https://www.futuremarketinsights.com/toc/rep-gb-13778
What are the Market Restraints for Duplex Paper and Board Market?
Durability of recycled products of duplex paper and board will always remain a question to discuss, as with periodic recycling the fibre strength decreases. This can cause loss of product and is a restraint which is limits the demand for duplex paper and board in the market.
However, using binding agents while preparing recycled products will extensively improve the strength of product, which in turn increases demand and revenue generation for the Duplex Paper and Board market
Competitive Landscape
Global Players:
- Kimberly-Clark Corp.
- Stora Enso Oyj
- International Paper Company
- The West Coast Paper Mills Ltd. (SKG)
- Mangum Ventures Ltd.
- El-Salam Paper Mills
- Sappi Ltd
- Emami Paper Mills Ltd.
- Millennium Overseas.
APAC Players:
- Hangzhou Gerson Paper Co. Ltd.
- JK Paper Ltd.
- Balakrishna Paper Mills Ltd.
- Monit Paper and Chemicals Pvt. Ltd.
- Asia Pulp and Paper
- Nippon Paper Industries
- Murli Industries
- Venkraft Paper Mills Pvt. Ltd.
- Qiongdao Sanshi Paper Co. Ltd.
What Strategies are Adopted by Key Players for Increasing their Market Share in the Duplex Paper and Board Market?
The key competitors implement various strategies such as product launch, merger & acquisition, expansion, innovation and others to survive and compete in the market:
- In October 2019, HP Indigo and Sappi Europe came together on a collaborative deal. In this collaboration HP indigo will use its digital printing technologies on biodegradable duplex paper and board of Sappi Europe, for customization in accordance with the needs of the consumer.
Why will Japan hold a Prominent Share in the Duplex Paper and Board Market?
Japan will hold a major proportion of the duplex paper and board market by the end of forecast period due to its significant usage of biodegradable materials for packaging and significant presence of paper and pulp producers. Other factors that will lead to Japan’s great hold in the market are such as environmental regulations on plastic packaging and skilled cheap labour.
The ever expanding Japanese end use industries such as FMCG, pharmaceutical, chemical, online retail, personal care products will cause an ever-lasting impact of country in APAC market share. All these factor considered japan will have a significant hold in the duplex paper and board market in future.
How has COVID-19 Impacted the Growth of the Duplex Paper and Board Market?
The packaging industry has variety of end use application in FMCG, pharmaceuticals, cosmetics and many more industries. Key players are always competing over with each other to make their product of superior quality then their peers. The market has witnessed a halt in trade due to the Novel COVID-19 virus outbreak.
The supply chain for raw material procurement and demand chain was not able to work properly as the lockdown was implemented across the globe.
The pharmaceutical and healthcare sector generated high demand during a virus outbreak alongside FMCG. In totality, the effect of the COVID-19 virus on the duplex paper and board market was medium which significantly improved by the end of the year 2021.
Request For Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-13778
Key Segments of Duplex Paper and Board Market Covered in the Report
By Product Type:
- Duplex paper
- High-weight coated
- Light-weight coated
- Board
- White Board
- Kraft Board
By Thickness:
- Up to 200 gsm
- 201-300 gsm
- 301-400 gsm
- Above 400 gsm
By End Use Industries:
- Healthcare & Pharmaceuticals
- Chemicals
- Food & Beverages
- Homecare
- Personal care & Cosmetics
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- The Middle East and Africa
- Oceania
Related Links –
https://wecanchat.mn.co/posts/24977940?utm_source=manual
https://bipolarjungle.mn.co/posts/24977942?utm_source=manual
https://www.launchora.com/story/global-hang-tags-market-2022-growth-covid-impact
https://www.homify.co.uk/users/9006761/nk99fmi
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/duplex-paper-and-board-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs